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In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.
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While chicken prices nationwide have increased, retailers such as Costco and BJ's are still selling rotisserie chickens for under $5. That's part of a broader strategy.
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Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.
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The unemployment rate has plunged while the inflation rate has soared, hurting consumer confidence.
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The bargain store has been testing the increase for months and says it's not a reaction to the current surge in inflation, though it will help.
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President Biden is looking at options to bring down high prices. One possibility attracting a lot of attention is releasing crude oil from the country's emergency reserves.
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Companies from Mondelēz to McDonald's are raising prices to offset higher costs for transportation and because of labor and other problems along the supply chain.
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Finding a car to buy these days seems almost impossible. Dealer lots are emptier, prices are higher and shoppers are stressed out. Here's what to know.
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A larger White House campaign is targeting what it calls anti-competitive behavior in several industries, including meatpacking, in which over 80% of beef goes through just four companies.
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A surge in prices of used cars was a major driver of inflation again in June, but there are some signs those price hikes may be shifting into reverse.
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Oil prices were surging, but a dramatic meeting of many of the world's crude producers has thrown things into a bit of turmoil.
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Lumber prices soared during the pandemic, sparking inflation fears. Just as quickly, prices then dropped, but that's not the end of the story.